Modifies provisions relating to the Show MO tax credit for motion media production projects.
Modifies provisions relating to the Show MO tax credit for motion media production projects. It defines terms such as "above-the-line individual," "qualified motion media production project," and "qualifying expenses." It specifies the amount of tax credits based on the qualifying expenses and the location of the production. It also allows taxpayers to carry forward unused credits for up to five tax periods. The tax credit is considered a business recruitment tax credit and is subject to the provisions of sections 135.800 to 135.830.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.